2022 3rd Quarter Winter Garden 34787
I have been publishing these Winter Garden quarterly reports for over 2 decades. Before the 429 expressway was built, the Winter Garden Village was even a dream, and you could build a brand-new home in Stoneybrook West for a little over 100k! I firmly believe that knowledge is power.
Let’s dive right into it… what a great surprise in this 3rd Qtr data, considering the 2nd Quarter 2023 data had a 1% retraction and an average sale price of $626,000. Winter Gardens real estate market bounced right off that matt ready to go without even taking the standing 8 count.
Well, let’s not pat ourselves on the back too quickly. Many are avid readers of this report to get into the reality the data represents and help add some clarity through market trends.
Prices spike because we had one heck of a quarter with an almost 10% spike in MEDIAN sale price. The main reason for this was a handful of great closings. We embraced a record 4.3m sale, 3 2m sales, and 48, yes 48 closed sales of 1m price tag! These much higher priced closings than in the 2022 3rd quarter skew this metric data and have to be mentioned.
With this said, this is still incredible news. The average $/ft continued to rise to $268/ ft . Any upward tick here is always great for the real estate market… remember as prices go up every % point is even harder to acquire the next % point.
Days on market have increased 40% but it was next to impossible to expect the 19 day average on 2022 to be sustainable… 32 day average is still incredible, lets be honest here.
Lets dive into what really matters and the only place on the internet to even get this data